Exercise 6-2 Alternative cost flow assumptions-perpetual LO2 Urban Glam Cosmetics made purchases of lipstick in the current year as follows: Jan. 1 Beginning inventory Mar. 14 Purchased July 30 Purchased 91 units @ $14.00 330 units @ $15.00 $ 1,274 4,950 580 units @ $16.00 9,280 1,001 units Cost of goods available for sale $15,504 Units available for sale Urban Glam Cosmetics made sales on the following dates at a selling price of $34 per unit: Jan. 10 78 units Mar. 15 260 units Oct. 5 530 units Totals 868 units Required